Houlihan Lokey (HLI) to Release Earnings on Tuesday

Houlihan Lokey (NYSE:HLI) will likely be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Houlihan Lokey to post earnings of $1.51 per share and revenue of $603,150.10 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm earned $1.11 EPS. On average, analysts expect Houlihan Lokey to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Houlihan Lokey Stock Down 0.3 %

NYSE HLI opened at $186.08 on Monday. Houlihan Lokey has a twelve month low of $119.28 and a twelve month high of $192.10. The stock has a market cap of $12.93 billion, a P/E ratio of 38.05 and a beta of 0.69. The company’s 50-day simple moving average is $179.32 and its 200 day simple moving average is $166.00.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Wall Street Analyst Weigh In

Several analysts recently commented on HLI shares. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $171.00 to $200.00 in a research note on Monday, December 9th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group increased their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $173.40.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.